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Walmart Posts U.S. Comp Sales Decline, Lowers Forecast

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Bentonville, AR—Walmart booked mixed third-quarter results, with a drop in comparable U.S. sales, increased group profits and an “improvement” in domestic apparel sales. For the quarter ended Oct. 25, U.S. comparable store sales fell 0.3%, hurt by what the retail giant described as a “competitive” retail environment. Traffic was down …